1. Development opportunity: Suburban Mobile Home Park
Blytheville, Arkansas

2. PURCHASE HIGHLIGHTS
Priced at $540,000, only $12,000 per pad; twelve fixable park owned homes at no additional cost
Hard Assets: land, land improvements, mobile homes
In the affordable housing sector – constant unmet demand
Excellent potential cash flow: 45 lots at $200 per month lot rent could be $108,000 revenue per year
Abundant value creation opportunities: increased lot rents, increased home rents, added homes
Recession resistant
“Grandfathered in” to area monopolies or competitive advantage
Attractive Property

3. Suburban Mobile Home Park
Blytheville, Arkansas
Suburban Mobile Home Park in Blytheville, Arkansas has 45 developed pad sites on approximately 5.46 acres. Each space is supplied with city water as well as natural gas and city sewer. Garbage service is provided by the city.
The site boasts curbs and gutters, paved roads and pleasing infrastructure. It is a gem in the rough ready for new homes, renovation of existing homes, and further development. The park has been emptied of tenants, (except for 5 owner occupied homes), cleaned up and is ready for an experienced mobile home park operator to create significant value. Of the 45 sites, 10 to 12 are occupied by vacant but fixable homes. Most non-reparable homes have been removed.
The property is located in a working class neighborhood and is convenient to the local downtown as well as the highway. A tree lined paved road and gutter system currently serves the residential homes.
The project is located in Blytheville, Arkansas which is located near Memphis, Tennessee and is the seat for county offices. It is in Mississippi county, the #1 county in the US for both cotton and steel production according to the Chamber of Commerce.
There is a strong demand for affordable housing throughout the U.S. and Blytheville is no exception. The city and the county have created initiatives attracting new industry supporting a broad and stable economic base. In addition to Arkansas North East College, widespread agribusiness and two plants owned by steel manufacturer Nucor, an aircraft maintenance operation is located at the long ago vacated Air Force base located near Blytheville. The company has invested $20 million and employs hundreds.
The Seller will entertain all offers, proposals, seller financing, joint venture opportunities, or……….

5. This summary has been provided by NewLeafe Property fund, Inc. , Inc
This summary has been provided by NewLeafe Property fund, Inc., Inc. and is for your limited use in determining whether you wish to explore the acquisition of the Property herein.
This summary contains only selected information and does not purport to be a comprehensive representation of the Property particulars. It does not contain all of the information which prospective investors require to evaluate a purchase of the property. Financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of NewLeafe Property fund, Inc. and are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner.
Neither the Owner or NewLeafe Property fund, Inc., Inc., nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations, projections, pro formas and inspections of the property in evaluating a possible purchase of the real property.
The owner expressly reserves the right at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which arise as a result of review of the Memorandum. The Seller shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Seller and any conditions to the Sellers obligations therein have been satisfied or waived.